Vicus Capital cut its stake in ConocoPhillips (NYSE:COP) by 17.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,939 shares of the energy producer’s stock after selling 7,585 shares during the quarter. Vicus Capital’s holdings in ConocoPhillips were worth $2,332,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in COP. Lenox Wealth Advisors LLC acquired a new position in ConocoPhillips in the 1st quarter valued at $27,000. Smart Portfolios LLC raised its stake in ConocoPhillips by 69.5% in the 4th quarter. Smart Portfolios LLC now owns 478 shares of the energy producer’s stock valued at $30,000 after purchasing an additional 196 shares during the last quarter. Athena Capital Advisors LLC acquired a new position in ConocoPhillips in the 4th quarter valued at $32,000. Clarfeld Financial Advisors LLC acquired a new position in ConocoPhillips in the 4th quarter valued at $32,000. Finally, Ironwood Financial llc raised its stake in ConocoPhillips by 294.1% in the 4th quarter. Ironwood Financial llc now owns 536 shares of the energy producer’s stock valued at $33,000 after purchasing an additional 400 shares during the last quarter. 74.69% of the stock is owned by institutional investors.
Several analysts have issued reports on the company. Morgan Stanley set a $77.00 target price on ConocoPhillips and gave the company a “buy” rating in a report on Tuesday, January 29th. Goldman Sachs Group upgraded ConocoPhillips from a “neutral” rating to a “buy” rating and upped their target price for the company from $76.00 to $82.00 in a report on Sunday, February 3rd. Zacks Investment Research upgraded ConocoPhillips from a “strong sell” rating to a “hold” rating in a report on Monday, February 11th. Piper Jaffray Companies restated a “hold” rating on shares of ConocoPhillips in a report on Tuesday, February 12th. Finally, Credit Suisse Group upgraded ConocoPhillips from a “neutral” rating to an “outperform” rating and set a $75.00 target price for the company in a report on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company’s stock. ConocoPhillips currently has an average rating of “Buy” and a consensus price target of $78.60.
Shares of NYSE COP traded up $0.75 during mid-day trading on Thursday, reaching $63.07. 2,083,206 shares of the company’s stock were exchanged, compared to its average volume of 6,839,747. The stock has a market cap of $69.16 billion, a PE ratio of 13.92, a P/E/G ratio of 1.47 and a beta of 1.06. The company has a current ratio of 1.86, a quick ratio of 1.72 and a debt-to-equity ratio of 0.45. ConocoPhillips has a 52-week low of $56.75 and a 52-week high of $80.24.
ConocoPhillips (NYSE:COP) last released its quarterly earnings results on Tuesday, April 30th. The energy producer reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.08. The business had revenue of $10.06 billion during the quarter, compared to analysts’ expectations of $9.16 billion. ConocoPhillips had a return on equity of 16.65% and a net margin of 18.08%. During the same period in the prior year, the business posted $0.96 EPS. Research analysts predict that ConocoPhillips will post 4.37 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 13th will be issued a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date is Friday, May 10th. ConocoPhillips’s dividend payout ratio is presently 26.93%.
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ConocoPhillips Company Profile
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. The company primarily engages in the tight oil reservoirs, LNG, oil sands, and other production operations. Its portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects.
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